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CCI emails from others & their experiences ~ 

We all have to learn before the cost becomes too expensive.  Learn from others experiences or learn the hard way on your own.  I will not use their names unless they want me to.  So far only Rev want to use his name so as to warn & protect others in the Traders helping Traders concept from being taken advantage of or that may fall for the snake oil.  With all the thousands of traders from around the world that I have know here at the CCI Club, not one has shown to be profitable with this basic CCI, NOT EVEN Woodie.  

I will be happy post if someone wants to send evidence that it is profitable & after I check to make sure the results are not gaffed.  

Maybe someday ~ But for now out of the hundreds of emails ~ not one.  

This trading industry is infested with conman looking for fresh fish or newbies to hook.  Conman that don't trade what they sell & only make their money off of the masses willing to buy a dream off them.  Warning ~ Falling for these conman leads to loss of money, destroying the family & lives have been lost by this blind following of these crooks.  The industry tolerates it because they like the fresh money it takes to keep this industry going.  You only need to investigate how many funds go out of business as well only to start up under another name.  

 

As the world trades & 

CCI plot thickens 

Rev was hired to write Woodies book for him.  While interviewing many people in the course of writing this book, new things started to come to light.  Here is just another rock over turned.  

 

 

 

CCI emails from others & their experiences ~ 

Learn from others experiences or learn the hard way.  Here are some of the many emails for you to learn from...

 

I logged into the basic room today just to see what's going on these days. Half of woodies comments were aimed at getting new traders to buy the dvds, sign up for a trade along and get set up with PFG. Merchandising, Merchandising  - Chaching! Should be renamed "Traders helping woodie".

Hi Mplay, I also got burned w/ trading the damn patterns. You were one of those few that I really
learned somethings from. Your Options recordings were priceless and sorry to find they're gone... Ive read
emailes sent to you and I have the same question with one of those folks: realizing all these under table
stuff going on in the chatroom, and knowing that even woodie himself not trading futures, why would other 2
most respected traders XXX and YYY would still be there, and they both are trading way different than
just the damn patterns...  My last question is: you said your using other methodology thats really working, not including CCI or
using 50 CCI. Are you planning to share your methodology, would love to learn from you...
Best Regards and Wishes

I saw you several years ago at a tradealong in Anaheim, back when I was still actively trading. Unfortunately, I never could make the CCI profitable and had to give up on trading. I came across your website today, and am interested in your Trading options book - is this available now, and how would I purchase it?

 

After I quit the wcci club site many months ago, I lost track of you as I did not go back into the room, although I was not banned.  I learned quickly in my career that the only true indicator is the price moving up and down a bar. The room was personally distracting to me and I could not tolerate it.
 
I read through your site that outlines the problems at the wcci, and my sentiments are found there.  Are you planning a room sometime in the future?  If so, I would like to know about it. Best of wishes to you in your endeavors

 

When I had discovered you were gone from Woodie's I had a terrible sinking feeling of loss.  I can only imagine the hurt that you have felt after working for years helping and teaching others.  You are missed, MPlay.  If you are sending out e-mails, I would love to be on your list.
 
CCI was my hope of financial survival. I'm now wondering what others are doing to profit from the markets.
Thank you Mplay for all that you have added to the WCCIClub.

Oh my gosh!!!!!!!!!!!!!!!  
What a sigh of relief to come across this sight.... I coded and coded and coded and coded and coded the ZLR on
volume, minute, range, tick, second charts...  It took soooooo long....and I thought I was just 'inept'
because IT JUST WASN'T PROFITABLE....  I kept thinking, "Why can't I do this right?".  It
shouldn't be coming up UNPROFITABLE.  It should be coming up EXTREMELY PROFITABLE....
Well.... after going over my coding with a fine tooth comb again and again and again....I wasn't doing anything
wrong....The F----N thing just wasn't profitable... Please post this so I feel that all that time I spent
coding and backtesting and feeling like an idiot wasn't for nothing, that at least someone may come across this and it
will ease their pain in some way....
Thank you so much... And PLEASE, keep me every and ALL of your mailing lists and sendings.. Thank you and God Bless you....

Greetings, I commend you for having the courage to freely express your opinions of WCCI.
I have been observing the daily chats for the past three months. Unfortunately, I made the mistake of purchasing Woodies' DVD lesson series. Poor production: long charts shown when Woodie is discussing a short trade; advertised as "high definition" - yes Mr. Woodie is taped in crystal clear def but the charts are not and sometimes the cameraman tapes the trading screen from ACROSS the room as Woodie talks/points; advertised as six hours long and it really only plays a bit over five hours; Woodie is advertised as trading the Hang Seng but don't be fooled because it's clearly sim trading; and plenty of discussions where Woodie says something important but never elaborates with the details. Buyer beware especially when Woodie opines that WCCI is free yet the WCCI Traders University Index discussion board no longer stores important info about the patterns and the PFG WCCI pdf document is out of date.
Woodies' business model would make a fascinating graduate business school case study...it's a free site but you need to buy the DVDs and PFG Navigator/account to supposedly succeed; you can't complain or pose an intellectual question b/c the chat room is free and Woodie might be very cranky and ban your IP address; and best of all, a business model based on  - protected by? - charitable donations. Anybody ever seen a check presented to Make A Wish during a Trade A Long seminar? Or maybe a WCCI web page that highlights the WCCI/Traders Education LLP's total annual donations to MAW?
Last night, I read a WCCI forum post by ClinTX. Earlier this month he decided to leave WCCI and stop trading b/c he was not profitable. This was very sad to hear. KeithFLA is standing aside. He still moderates but says he has too many other things “going on” to be trading at the present time.  It is all very confusing but after looking at your site I will trust my intuition and move on.

 

Interesting read as the CCI plot thickens. I had no idea that this was what it was. Only discovering CCI last May 07, I still am a newbie to all this but I guess my timing was probably for the good. A motto I have recently adopted " Timing is Everything" seems to apply here.
 Still have much interest on when and where you will decide to have daily thoughts and ideas for all to share. Maybe a blog site or forum but always looking to further my trading interests and share ideas with other traders. I also am interested in your book. Where do I get info on purchasing a copy?

Sports website described your trials and tribulations with Too Tall W.
He is still going strong and will be presenting his revolutionary CCI Navigator in NYC at the Traders
Expo.I live in NJ so will be there . I was with Woodie when he first started out on Paltalk--in those days everything was used
cci, stochastics,rsi etc and W was a different W ---it was a Democracy and a good place for a beginner to
benefit from others.. Actually, for some reason cci divergences were working better.
I was a novice then and now of course use price support/resistance, fibs etc. However, any oscillator
divergences are still useful when confirmed and I still use them. I spent a little time with Dr Bob who
was not my favorite co-trader. If you want to write a book about the whole amateur trader industry I could
provide some chapters on the characters in it . Your presentations were good and useful for me so
thought you would appreciate this information.

Hi Mike.  You probably don't remember me from the old room, but I remember all that you did for the entire group. Thank you.
 I'm sorry for your recent trouble, but glad to see you get away and on a new path.
 I appreciate hearing that I wasn't crazy when I decided that cci as taught in the room was not a valid method.  I thought I was just hopeless since I couldn't make the system profitable. Thanks again for all you did and tried to do.  Good luck

I read your article about CCI myth, it is very interesting and Im glad you share these information with us. Im with the club for  18 months and I had the same result with  "take dam patterns approach", but I improved my result with nuances that I implemented into the system. I believe that CCI is as any other indicator , but if the trader is serious about the trading he can use it as well. Sorry for my English Im from Europe, and I hope you will come back to Prague one more time. 

When I developed the patterns/strategies for Tradestation I compared my results against what was posted on the Website.  I found that there was issues with the trades taken on the website.  Such as this time taking the trade when there was a profit and next time don't take the trade if there is a loss even though the conditions were the same.  Also exits for profits were posted where there were no ticks.  In addition there were trades where the pattern was posted but the pattern was invalid.  I emailed Woodie about these issues.  He said it was because my charts were different.  I emailed him back that I was using the charts from the website.  He emailed back that he would check into it.  I did not press the issue because there was not benefit for me.

 

I just came back from a vacation break over the New Year to see that you have been quietly removed from Woodies site.
Your contributions in the Options room and forum, and your Options Presentations were priceless jewels in the club.
I hope you have kept the material from the forum and your presentations! It was a shock and a feeling of great loss to see that you were no longer there.  With a little difficulty I managed to retrace my way to your website and
fill in the dots between the wall of silence at the CCI club. Your points are well taken. Interestingly, I had already read the Tucker
report that you mention. I have seen other great contributors like yourself quietly disappear. It is
such a tremendous loss when this happens. Imagine the value of an open forum  which could keep hold of such people. Is it possible? Could a website/chatroom be developed without any misleading agendas? A forum where the great "ex-Woodie"s could feel comfortable? Please keep me on your mailing list and let me know if you see any future possibility for such a
forum/site as mentioned above.

Well it seems that you have been badly mistreated by the WCCI crew after all your hard work and help you have offered fellow traders in the forum, and at the Trade Alongs and Seminars. I have read the accusations that you make about Woodie and his CCI patterns on your website and I confess that you have me very disturbed indeed.

I started getting involved with trading about 14 months back and considered myself very lucky to stumble upon the CCI club quite quickly, about 3 weeks after getting involved with the business.

I have been studying it ever since and up until now, luckily I have only been paper trading but never shown a profit. However I have diligently studied all the information in the WCCI forum and in particular XXXX posts which I have read and reread over and over, I have recently started taking mentoring sessions with XXXXX  and I hope that I can get to see in an improvement in my results soon.

I have given up my job and even moved countries to carry on studying the CCI so I have definitely committed myself. 

Please call me naïve but I just cannot see people such as xxx yyy &  zzzz who all seem to be exceptionally talented and successful traders that constantly and openly thank Woodie for his room and the CCI, lying to cover up for someone you claim to be a false prophet (or profitJ ).

I am currently in the process of backtesting the range bars, so far I have the last 14 months documented  and I have to admit Mike that so far I am not impressed, they seem to perform really well when the markets are tanking as they are now, but when the markets are in a normal range ie the Russel in a 8 to 10 point range then they just do not perform well together with the CCI in my opinion.

I don’t know Mike, now I am so confused and I really wish I had not read the post on your website – I could just carry on and expect that as I learn more with the CCI eventually I will become profitable, but now I have my doubts.

All I can do is carry on with my backtesting and see where it leads me…the truth will out through my stats.....

However if you know of something better then please please let me know,

 

Yes. there was only 2 people in there. but maybe it was server issues. I can try again. but if your not there dont see a reason to hang out there. what tipped me off was your IC videos were gone. I sent someone there to learn options. i dont understand why woodie throw people out who have contributed so much over the years. Seems to be a recurring theme with him.

 

No surprise, really, as cult mentality people like Woodie have to adhere to a strict code of "information control" to keep his sheep in line.  No critical thinking allowed by the followers.  I just moved on ... realized it was pointless to stay in there and try to help others -- they need to figure it out for themselves, as most do, eventually.. .. and I had Woodie pull anything off the website that had my name on it. 
 If/when woodie finally disappears, there are dozens of other cult-leaders willing to fill his shoes, and fleece the newbies.
 Just always good to hear when another leaves... so, cheers, Mike!... and best wishes to you in your future trades!

 

I just came across info on what happen in woodie's room. I'm very sorry to hear that. So many good traders
left his room. That is too bad that he treat people helping him this way. Thank you for all your help and
,what I learn from you. All the best to you in 2008.

Having been out of the country for several weeks, I decided to revisit your options courses as a refresher. And you were no longer in the Socks/Options Room. I was told you weren't there anymore.  Fortunately I'd book marked your website.
 I'd like to know what you will be doing. I like your courses and your manner of teaching. And if I'm off on the wrong track I want to know about it.  Being an Optionetics veteran I have been battered and bruised enough.
 

 

Hope you're doing ok and bouncing back from all the shenanigans you've had to deal with.  Please keep me on your email list.  Your recent writings have really hit home!!!!!!!

 

What a breath of fresh air to see that you have finally made the break from the woodie cult.
Don't know if you remember but I wrote you a while back questioning the validity of the cci.
At the time you were reluctant to say anything negative about the club but I got the feeling you
really wanted to say more but couldn't because of the dictator.
I have been with the cci club since the paltalk days and I have consistently lost money trying
to make the damned cci work as taught by woodie and his apparently unquestioning followers.
Over time I have seen all the really good traders banished from the club, like Rover, TW, Gio, Paul etc..etc..etc
but I still was made to think the problem was with me because woodie and his followers are so unwavering
and unquestioning in their faith in the cci.
I have also seen the club become more and more commercialized over the years and to me it has completely lost
that 'trader helping trader' feel.
In any event. The options room and your imput there was the only reason I was still with the club and now
that you have left I have no reason to stay. That was the last straw for me.
Please put me on your mailing list and keep me posted as to what is going on.
All the best,

 

What follows are some things I’ve noticed by listening and evaluating things I’ve seen/heard in Woodie’s chat rooms:

  1. Woodie absolutely disdains any dissenting opinions.  You cannot talk outside the boundaries of what he teaches – period.
  2. Woodie doesn’t entertain ANY deviations from what he teaches.
  3. Ironically, several moderators, including Woodie at times, appear to use price bars when evaluating setups.
  4. Recently, Woodie has moved to range bars.  Now, I find this an interesting turn of events for several reasons:
    1. Woodie consistently says CCI time bars puts one into a trade 1, or more, time periods before the rest of the crowd.
    2. If Woodie has this edge, what’s the need of moving to range bars?  I have never heard this explained.
    3. And finally, didn’t Woodie just release a set of DVD’s?  I’d bet a LOT of money that the DVD’s are based upon time bars and not range bars.  If that’s the case, then wouldn’t a “new” person get confused after viewing DVD’s and then moving to the chat room where only range bars are used now?
    4. Interestingly, since Lotus uses Tradestation, she wouldn’t be able to moderate with range bars as TS doesn’t offer them.

As a result of the last set of points, I’ve had to stop listening in on the chat room.  It’s distracting.  I use Tradestation and won’t move off of it (I’m used to the way it works and am comfortable with the order entry system).

 

sorrry to hear you hadda go through that kinda abuse to see that Woodies CCI does not work (esp the way they teach it).... but glad to see yer out.   I cringe when I think of all the thousands of people that loose money trying to do what woodie said to do... and he keeps advertising... now I see he's got a video CD set for sale (no refunds, of course).  Caveat emptor, for sure.

 

I heard from a friend that something happened in woodies room between you and woodie....surprise, surprise......sorry to hear. I dont know why he chases off all the good traders.......that is why I only stop in there now and then....too much BS all the time.

 

I have been in and out of the Woodie rooms for about 2 years now, I've been trying to make it in futures this whole time, since Woodie made it seem so "simple" by "just trading the patterns". But I have not been able to make the CCI work the way woodie teaches.  
        However, I have tuned in whenever I have a chance. Whenever you, or one of the good veterans were moderating. And I have seen many of them leave the room. All of the people I liked listening to eventually left for "one reason or another". I kind of had an idea something like that was going on. But I didn't know it was like that! With the whole fiasco toward you, your book and the monkeys! (Man, and I was really excited about your book coming out soon too! I figure it will be the best place to start with options.)  You are the last of the "great veterans of trading" that were left in the room. Your moderation has been greatly enlightening to me.
       I thought it was just a lack of insight on my part not being able to make "basic CCI" work. And then I recall about 2-3 years ago you, gb, and some others that were doing some interesting things to get a good result. I remembered the stuff you talked about in Vegas the first time I knew anything about the club, and it all started to make sense. You guys were doing stuff, and looking at stuff in a way that couldn't be talked about in his room. Or original stuff that use to be in the room, that Woodie no longer allows.
       So it was just recently that I realized I needed to learn these "nuances" that the good moderators were hinting at, but could not readily talk about in the open. I then went to my 3rd trade-a-long just this last November, searching for the "inside scoop" about what the veterans were doing to make their money. To learn about the "nuances", that the veterans knew and couldn't talk about. A few were generous enough to share what they do. I was shocked to find that the people that were making money in the club were not only trading the market Woodie says not to trade! But they were using, and doing the things that moderators that were "banned" or left, were doing. Things that were being shared in the room years ago but now are censored and harder to unearth information about.  I appreciate these people that were telling me these things in confidence. 
        I only traded live once and lost just a little bit of money and vowed I will never trade again until I've defined a system that works, backtested the heck out of it, and then forward tested it until I know it inside out. It seemed in the room, kind of like I should learn futures first for income, and then go to options. But in this past year as I was in your room, I wondered if this was actually true.
        Considering that futures wasn't working for me, and I had learned enough to realize that your approach and method is outstanding. Including the fact you make complicated things simpler to learn, I just recently started reading up on your stocks/options forum and got halfway through your second options video, and now poof! They make you disappear in an instant without a trace on the website. I still can't believe it happened like that! (For sure now, all the people that were hanging around the club trying to help people from losing money, are gonna leave.)
     So I would love to learn from you. If you could put me on your E-mail list, to let me know if your in a room right now, about any workshops you have, and if there is anything left from your work that they've removed that I could go through, I'd appreciate it. (I realize now I probably should have focused more on the options part, but I thought it was just over my head. I guess it was an oversight on my part!) Also, if there is anything you could key me in on what to look at in my backtesting, if it is at all possible, to make CCI work in futures, would be greatly appreciated.                   
Sorry this is so long. But I totally appreciate the time and insight I've gotten from you. And considering your recent experiences, that it is, important that I take the time to I relay my experiences about the club. Both the frustration and the cool people I've met and have actually shared unselfishly, along the way.
Well, thank you for all your time. I, as I am sure are many of us, are behind you!

I used to be one of them, but could never verify the trades either. I was in a whole group in Chicago, they couldn't either.
I stayed with the site just to follow your talks and notes.  Put me on your list again. Send me updates.
 Your treatment by CCI is not uncommon as you know, many have been sacrificed before.
 Best Wishes, Happy New Year
 

 

was just looking at your side and i'm very sorry to read all this. It seems very difficult to keep the top people together in this club.
 In case you lost me , here I am again , waiting for your book.
 I wish you a very happy New Year and many thanks for all the work you did sofar.

 

Well, well, well...... I guess I was not too far off in my conclusions outlined in my email last night. I appreciate you sharing the history of this in your reply. I left Woodies site many years ago after having contributed in a small way, but I was literally horrified when many of the good people at the time began to disappear. Names like drBob, Gio, Dax, r7, Earl from Arizona and other's I don't remember at this time. I was castigated by Woodie one evening by even asking a question that would have required a reply from him that was not out of his protocol. I remember sharing my thoughts with xxxxx who confirmed what I suspected but did so in a rather diplomatic fashion. Needless to say, separation from Woodie is kind of like the inevitable divorce........people know it is going to happen, they just don't know when.
 It's not productive for me at this point to rehash the negative side of Woodie and his gang. The positive side of this is that is has been a way for me to be introduced to some people I've learned a lot from and have helped me develop in my trading. I'll just leave the rest of the review of Woodie at this point - don't want to do it again!!!!
I have always had the greatest respect for you since we got to know each other and probably have a greater personal concern for you that I would have for other people that I've developed at least a communication relationship with.
 

Thanks for the quick candid reply. I'm sorry that the Woodie team caused such destruction. I'm glad I didn't get "sucked" into the CCI club. I looked at it but read alot of other information by others such as DrBob and Dennis Bolze. Thanks for keeping me on the list - I appreciate that. I have looked into options several times and never felt comfortable with them or that I knew what I was doing, so I look forward to your book.  All the best for 2008 and beyond.

I sent an earlier email and suppose that it may have been dumped with your site. 
 I want to thank you for your help.  It is inspirational to find that there
are people who want to help with no ulterior motives other than
to help and if can also raise some funds for charity provide a  "win-win" benefit to all
 I am one who has spent countless hours and funds in the futile chase
of the grail only to become disappointed when at the end of the search, to find that I am back at the beginning. 
I have always found your advice to be accurate and appreciate your
insights and would like to be included in the future if you should decide 
to pursue a group setting.

 

Just read your comments on the CCI patterns and the behavior of that despicable  little man who runs the joint.
As a former member of the club and a rather novice trader at the time I like many others were hanging off his every word. I began to get a
little suspicious about the stated success of the patterns as I began experimenting and talking with others (DrBob, Dharma and others) about
adjusting length settings, volume charts etc.  Of course, DrBob and others were subsequently booted for daring to
challenge the great man, so many of us just followed DrBob to his room and traded out of there while freely exchanging ideas and strategies. As an Australian, my time zone is out of whack with you guys in the US and I  gradually  withdrew from the US based rooms and now trade local markets with a few Aussie buddies in our own time zone. I did however learn a lot from people in the CCI rooms (when allowed) and of course made many friends. DrBob and I still contact each other via email and Skype to swap notes on approaches we share although applied to different markets. As for CCI, it's just an indicator based on past events despite our
friend's insistence on it being a leading indicator with some magical predictive qualities based on patterns. Just pure crap.
I wanted at the time to learn more about Options trading but was rather overwhelmed with trying to break even trading Index Futures back in the CCI days. Things have gone quite well for me over the past 2 years or so and I have made some good dough. However, I have only one Index Futures market to trade in this time zone and that is the S&P200 or SPI as it is known locally and I am looking to branch out into either FX  or Options. I will keep your Web Site bookmarked and check in regularly to see if  I can learn something.

THANK-YOU for your candor and honesty I was disenchanted wth woodies TAL  too many fillers , bs ,and solicitations -  
why does he not do a audit of the  success and failure of people in the room trading futures
 I am trying the 50 cci  thanks for your options series -my intro to options
 

Anyway, I’m a member of Woodie’s CCI Club and this summer, just before I started to like pure price action, I thought WCCI was the way for me. The reason why I migrated to price action was that WCCI didn’t work for me. I tried to do a manual backtest of a few first months in 2007 on the YM, 5min charts, and the results were not positive. I tried very hard, I tried numerous money management combinations, I tried to filter the trades by nuances as per xxxx’s advices. It did improve my results but they still weren’t positive. And even if they were, the systems I arrived at were discretionary, and also something completely different from WCCI. Definitely contrary to the idea that WCCI is a mechanical, winning system that works on all time frames and all markets. I never really understood how people in the club could trade it profitably. At least as far as markets other than trendy ER2 go. I have never seen anyone faking the stats – but it’s also true that I wasn’t really watching. I knew a lot of strange ideas being taught there. When I read the tuckerreport.com article 2 days ago, I felt its author was reading my mind. I even feel a bit ashamed that I didn’t stand up and say anything in the chat rooms or the forum.  

So why do you think is he doing it? Do you really think that he’s being paid by the clickthrus, website traffic, and the advertisement of companies like PFG etc.?

 

I was starting to learn the CCI and downloaded all your option class to learn.  Then today, someone in the forum ask about Ninja Trader.  I responded that I was very happy with NT.  I get to use it for free until I'm ready to trade live and the brokers that accepts NT charged me $4.75 per contract with free data.  I've told someone that and Woodie got mad and booted me.  PFG was charging me $8.00 per contract and $99 for data.  I truly think that Woodie might be getting paid by them because he keeps on insisting everyone to use PFG.  If I trade 10 contracts per day, that's an extra $3,350 in commission a month.  If he can get 400 people in his room to keep using PFG, that's $1.34 million a month.  After I got booted, I was very upset.  Then I did a google search and found so many people got booted from him for speaking the truth.  I hope you keep your website strong so people can see both side of Woodies CCI.
 
 

I've always liked your style and honesty about the trading business. so keep up the good work.

 Happy Holidays and good luck in the future.
 

    I was surprised to see you 'disappear' so suddenly from the club. The last Vegas seminar was the turning point for me also. After 3 years,
I've learned a lot from you and others, but the constant reinventing of the cci wore on me. Thank you for selfless contributions of time and
knowledge and look forward to seeing you in the future.

I just quickly read your updated web pages. Not big surprise for me at all !! Honestly I have to say : Y have big credit
in my eyes !!!  I fully support you, U said clearly a lot of "said" facts about "side way" industry.
I trust  only my trading plan. And I know, why a lot of people are loosing money. they are buying only dreams. I hate these sellers. Most of them are only marketing guys, they didnt trade their own account or max. very small one. They build their income mainly from teaching and what is really said, sometimes it is bulllshits and misleading hints. but be positive :
Mike, I wish you and your family  Merry Xmass and Happy New Year. !!

I Googled you and found your site. I'm sorry but woodie is a travesty. I shut his site off in Hot Comm
the first day that he got on the site and said "we don't need no stinging prices in this room to trade
successfully. All you need is the CCI." I told (xxx) that I would be careful dealing with this
huckster. Be gone Satan.

 

Woodie banning you really sucks. You have done so much for the club and speaking at the TAL's. I think your work is invaluable and I'm glad I got to read it. I made a document on your ideas and still think your 1-2-3 exit is great. He threw me out of the room a
couple of weeks ago for the day because he thought I was complaining. I wasn't. Got a supportive email from
PFGNeil about it. I noticed from your testing that non CCI systems did better than CCI systems. Hope you will decide to release some non CCI systems so I can keep trading. Still interested in futures. Whatever you decide, I know you will be successful.
Please email me when the book comes out or you decide about your trading systems.

Just wanted to drop you a message of support.  I enjoyed your training/lecture videos and am sorry to see that others will not benefit from them.  As you know, this type of thing has happened before and because of these situations, useful material just vanishes from the site once the author becomes "disavowed".  I got fed up with the attitude at WCCI Club and do not visit there much anymore.  As for the indicator, I was never able to put it to much use.

sorry to know that you`re banned from the room....it`s like  " animal farm" over at woodies, he must feel threatened and run the best off.
do you still use the cci? any other indicators?       Mike, you`re a great teacher and i hope you stay with that....keep in touch, and i`ll be looking for your book.

 

    CCI Patterns Myth 

Well we're back.  After having my website attacked here, we have to conclude that this information cannot be a good thing for Woodie CCI, & he is willing to do anything to keep the people from learning so that they can make up their own minds.  They would rather play these games, rather than let you get the strategy & let you decide if it has any validity.  He would much rather continue the cult like domination of only what he allows will be discussed or seen.  Everyone must have total obedience to his sales pitch or suffer the wrath.   So they have deleted this monkey from the forum site & they have crashed my website so you can't see it or use it as well as files for my book.  

My book has had catastrophic set backs with this cyber attack on me.  Many of the files that were to be put out with the book have been destroyed.  If you have contacted me before thru the old info at mplayoptions email, that whole list was also destroyed as well during this attack.  Please resend to info at mplayoptions email.  I wonder if there are laws against cyber terror like this?  What do you call people that would destroy things meant to raise money for charity for their own selfish sick agenda to hide the truth. 

Trading is too difficult a business without the egos getting involved.  You should never trade anything  you can't prove that at least it has some hope of working.  This business is all about the numbers & only the numbers and  not about who can yell loudest.  So what can be so bad about seeing the truth?    

Some of you have been looking for my Xmas present that sparked all this insanity.  This is my Christmas gift to the club that many of you have been waiting for.  I guess this present didn’t go over as well maybe because it exposes how bad CCI really is.  This business should have nothing to do with egos.  It is  the numbers that really matter.  But I wanted to share it with the members & you can do what you want with it.  It's your business & you must make up your own minds.  It may save so many a lot of money & time.  I was going to have a class on how to use this program  better.  It got canceled.  Don’t look at me, the cover up is not my doing.  So here it is anyway.  

No real money is to be used with these programs  ~   Woodies Basic CCI ZLR Zip 

All the appropriate disclaimers & warnings & more apply.  No guarantees, no promises,  no nothing applies.  It’s strictly for educational purposes only.  No real money is to be used with this program.  You better make sure of your numbers before you use real money with CCI setups or anything. 

Check back later.   I will post the coded setups that can be used in TradeMaven.  

If you have the code in other software formats & want to share then you can send it to me here. 

I can post all the emails & meeting recordings, but people will still believe what they want to believe.  

Merry Christmas & all that happy stuff. 

Well its that time of year again.  Another year gone & another year older & another year will begin.  So many have been waiting for this, and since I put in so much work on it, I thought I would share it.  So ,as my xmas gift to all our members, I am releasing the Basic Woodies CCI ZLR Monkey.  I coded it based in consultation with Woodie & his specifications & the published document.  You will need to have Trade Navigator to run it.  You can share with someone or get a trial version to give it a try.  You can get the trial & that should be more than enough to load this code up & run a test on all the markets you want. This will also auto execute & do all the trading for you.  It should only auto execute in a paper account.  So you almost don’t have much to do.  All you have to do is 

No real money is to be used with these programs   ~   Woodies Basic CCI ZLR Zip 

click here to download the file to your computer, unzip it if its the zipped version, import it into Trade Navigator as a Library & your ready to use it & back test as much as you want.   This code should be the proof you need to make a rational decision on CCI patterns and  not based on anyone’s word. 

   

You can back test the ZLR for decades on any market within seconds to see how it would have done.  You can run it on any market & almost any time frame.  You can make any and all the changes to it you want to fit your style.  You can setup & use your own stops & targets & exits or whatever you like.  I chose the ZLR because it does better than the other patterns.  So I picked only the best for xmas.   Let me know how you improve it & how you do with your testing or if you can make it profitable somehow. Keep in mind, the sales pitch it's good on any market & any time frame.  

 

After all, you have no business trading real money if you can’t make paper money.  If you are trading real money without extensive back test results or good evidence that you have an edge, then let me just say (since its xmas time) you don’t belong in this business.  This Monkey will help the thousands of you who simply will not do the painful meticulous work of back testing to see how well something works.  

 

 I have refused Woodie's demands that this not go public with the CCI Monkeys so that people can see the truth for themselves.  This is what many of you have been waiting for.  The ability to see how good or bad these CCI patterns are.  Something that doesn't change its rules to make itself look better.  Something that will not drop or over look losses to improve its results.  Something that will not make excuses why all of sudden a win should be included to make the results better.  But now as you can see,  I have become the slandered for sharing this with you and for sharing different ideas with members without his permission.  You have all seen this cult like attitude to attack anyone who would even dare to question him in anyway.  Because of this cult attitude I have seen so many thousands disappear quietly after losing so much money, many feeling they can't do something, when it's not them at all.  But now you can see & decide on the facts & not someone's opinion.  The truth is out here.  

 

There are now people who went out to their own groups to prove CCI for themselves only to substantiate my findings with their own code.  What is difficult for me to believe is that some of these people are now charging other members money to teach them what they learned doesn't work & that they themselves do not use.  That just seems wrong to me & I don't want anything to do with that kind of club.  I will not have anything to do with lies like the ones that surrounded the 100 club.  That is why I also had to shut it down & made sure that every penny was returned to each member.  When I returned from my vacation & heard of all the lies that he told to the members only to get their money was completely unacceptable to me.  I can only guess how many local, state(s), federal & international laws he broke with all those lies.  There was no way I would have anything to do with something like that.  I thought that it was an isolated situation, but now I'm seeing that it is much deeper & consistent than I had thought.  People need to be very careful in this industry.  

 

In keeping with the old spirit of the club, I have never charged anyone anything.  I have never charged any member any money for anything.  I only do this to help traders & to raise money for charity.  So the program is FREE.  However, some of you know that I hosted a small group meeting here in Vegas before the TAL where we discussed all kinds of trading ideas.  Yes, we actually discussed things that were not CCI & things that really worked.  Most of you know this cult like attitude that only what Woodie allows to be talked about in his rooms is to perpetuate his CCI patterns.  This meeting we had met with his wrath because it examined many other ideas that were far superior to CCI patterns exposed CCI patterns as crap.  

 

But what is more important is we raised some money for charity since the main TAL doesn’t anymore.  After the expenses were covered,  I then personally matched the money left over (& more) & it all went to Toys for Tots. Since the main TAL has dropped the charity.  If you have no evidence that anything really works, you should not be wasting money on it.  You need that money for yourself & your family not throwing away on all the crap & crooks out there in this industry.  Give it to charity & do some good if you really want to give it away. 

 

My  wife & I did our annual thing of each getting a big shopping cart & filling them completely up with toys & delivering them to Toys for Tots.  We also made a cash donation to Toys for Tots because the older kids are  usually left out.  We will usually do it again if we see the firemen collecting toys for the children's burn unit of our local hospital.  We just wanted to lead by example.  We really do what we say, not just sell it. 

 

If this letter and or this ZLR coded setup has shown you the truth & helped you save thousands of dollars & the months & months of time to do a good back test,  then you too can help with some of the charities I support.  You will find the links to the charities that I support here on my website at the bottom of any of my pages. You got to see the trunk monkeys here. They are a riot. 

 

Merry Christmas 2 all & 2 all a good nite. 

No real money is to be used with these programs ~   Woodies Basic CCI ZLR Zip 

 


Check back from time to time for updates…


 

I would like to thank you for all the emails that have already started to come in to support me.  Not one negative email.  Thank you all for your kind words.  I now see how many of you realize “the emperor has no clothes” no matter how much he wants to intimidate the people.  To my knowledge of the hundreds of traders who I have had contact with here NO ONE has made these basic patterns profitable in the long run.  Also, everyone I know now doesn’t even use them.  The club has become a meeting place for friends’ for lack of a better word for many over the years.  But it is this act that actually perpetuates the CCI myth.  We must remember they have a mailing list of some 15,000.  But only a few hundred actually still come into the room.  The majority of that are new people who  haven’t been thru the process yet. 

 

It was only a few hundred years ago that most of the planet was convinced the earth was flat until they saw the truth.  The same applies here.  When I came by a few years ago, I saw so many people here that I instantly thought  maybe there was something to it because of the sheer numbers..  When we are the "new" people we just don’t realize the thousands & thousands who have been used up or burned up & run out over the years.  So as they see the light & move on, the circle of life continues. 

 

The fact is CCI is no better or worse than any other indicator.  I personally like the longer 50 or even the longer CCI lengths seem to have more validity to me.  To me, the basic CCI patterns are just gibberish or something to sell to the masses to increase traffic count at the websites where the real money is made on clicks & counts & links & banners & endorsements.  But in the mean time, real  people are wasting money & priceless time to learn the truth.  So many feel they are incompetent because they can t make it work when so many others are given the illusion it's working  for them.  Now they can plug in the code & see that it was never them in the first place, but these patterns instead.   

 

My arrival also happened in a period of history where my early hand testing showed some interesting numbers over the immediate short period.  I liked the concept of traders helping traders & keeping the crooks away from cheating our members , and also  money was being raised for charity back then.  So I stayed for awhile.  I, like others who have been around for a while & know the score,  quietly tried to educate the traders on alternatives like diversification, options, and  having a good plan, that have been tested based on money management, risk reward & controlling risk.  We tried to keep the members from being taken by this pattern crap.  Nothing else is needed & it works on all markets & all time frames & so on & so on with no snake oil involved.  

But by our staying around to try to keep people from losing money on these patterns, we give him our creditability to attract even more new people. A salesman who is selling nothing has no creditability.  It was the hundreds of people who hung around for their own various reasons who gave him that creditability to sell all those links, clicks, chat rooms & so on.  We are the traffic count that brings in the real money for him.  That is why now at the club, we see people are now badgered by Woodie if they don’t support the companies that pay him.  You may have noticed that his sponsors are much more expensive.  Where do you think that extra money they charge if funneled to?  Now, its even turn on your web browser even if you are not there or don't care,  so he can show his clients how many people he can get into the room for them & that they should pay more to have access to the club.  

 

Now the new & improved sales pitch is range bars.  Forget all the money  you lost on the old stuff that didn’t work in the past, this will be great.  NOTICE there are NO verifiable results AGAIN.  Watch the sales spin on this one as you see it evolve.  Btw, I have worked with range bars in the past.   I know range bars & they are NO UTOPIA,  & you BETTER wait for the verifiable results because this will be another nightmare.  You heard it here first.  You would think  the sales department over there should have checked with the trading department about, this latest plan & should have did a wait a minute.  You are now going to set a range for these “patterns” on a market that is constantly changing its range & volatility from day to day.  Right, OK, lets see how the sales pitch goes on that now. 

 

I was also sent in link to another site that also addresses these issues.   http://tuckerreport.com/articles/magic-indicator/ Check it out & if you come across similar info at other sites,  send them in Ill add them here.  I want you to have as much info as possible to make up your own mind.  

 

I don’t want this to be an attack only site.  But Woodie has gone to great lengths to silence me & not allow the members to get anything not approved there at his site.  I want this the be an honest & fair discussion of CCI & if these Woodie patterns have any validity to them.  I will gladly post any evidence that Basic CCI works.  I’m not even asking that it has to work on every time frame & every market.  Anyone that has been in this business for more than a month knows how ridiculous that sales pitch is.  I have asked numerous times yet not one has come forward yet. 

 

If you have other code for other software then you can send it in & Ill share it with the rest of the traders.  That’s traders helping traders not just trying to fool them.  I will also accept hand tests or real results that come with the rules.  I will verify that the rules are strictly followed & no losers are omitted nor that winners are slipped in to improve results.  If they happen to make it profitable then I will happily post them here for all to see.  Then as it should be people will make up their own minds as to whether something works or doesn’t. 

 

We can start this kind of analysis on any & all indicators that you may want to look into.  No limitations will be set.  There is so much phony crap out there & its long time we debunked as much of it as possible.  Trust no one especially if they have already fooled so many.  You must do your own numbers & then recheck that before you go off & risk or throw any money at anything. 

 

 


Check back from time to time for updates…


 

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Part of the profits from the book and the Monkeys
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Disclaimer
By remaining here, you acknowledge that... This site is for educational info and exchange of trading ideas. Nothing mentioned by voice, charts or in text chat is to be taken as trading advice. Nothing on this site in any way is a solicitation to buy, sell or hold any securities for any reason.  All Trades taken here are strictly at your own risk. You should consult your broker or financial advisor before placing any trade!
  All Trading has RISKS. You must understand and accept all risks associated with any trades that you place after consulting your broker.  Under certain situations it is possible to lose your entire account if not more.  The best and worst of any strategy is yet to come.  Nothing replaces following a good plan to near perfection which is based on excellent money management, sound diversification, as well as, defining and controlling risk.  You never risk more than you can afford to lose. 

CFTC RULE 4.41 Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do no not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.